Ozone Overseas raises Rs 250crs for home and office improvement solutions
Ozone Overseas, a provider of home and office improvement solutions market, has secured INR 250 crores in growth funding from PAG-backed Nuvama Private Equity’s latest late-stage/pre-IPO series of funding.
The investment will enable Ozone Overseas to strengthen its existing growth trajectory by expanding its manufacturing capacity, enhancing brand presence, and exploring potential synergistic acquisitions.
Pranav Parikh — Nuvama Private Equity Managing Partner said: “This investment seamlessly aligns with Crossover’s investment philosophy of backing industry leaders who have a demonstrated track record and exhibit robust growth prospects. The strong momentum in commercial and residential segments is expected to lead the demand for ancillary building and architectural hardware solutions that Ozone Overseas specializes in.
“The inherent growth in these markets is further enhanced by structural trends such as premiumization as well as increased use of modern materials and feature-rich designs, driving up the volume and value of architectural products used across home and office markets.”
Established in 1999, Ozone Overseas offers a diverse range of over 5000 products that include glass fittings, shower enclosures, kitchen and furniture fittings, door fittings, railing solutions, fingerprint locks and digital safes. The company’s commitment to international quality standards, a robust distribution network of 7000+ retailers, and exceptional after-sales service have cemented its position as a frontrunner in the industry.
Over the past two decades, Ozone Overseas has built an extensive network of retailers across India, developed a robust global supply chain, and established a sophisticated logistics network. The company’s focus on technical support and product development has further strengthened its reputation as a leading “Make in India” brand with global recognition.
Ozone Overseas’ current portfolio encompasses more than 5,000 products, spanning categories such as glass fittings, door hardware, kitchen and furniture fittings, railing fittings, automatic doors, smart devices, demountable partitioning systems, fingerprint locks, and safes.
With the INR 250 crores growth funding infusion, Ozone Overseas is well-positioned to expand its manufacturing capabilities, meet the growing demand for its products, and enhance its brand presence in the market. The company’s commitment to innovation, quality, and customer satisfaction remains steadfast as it aims to solidify its position as a leading provider of home and office improvement solutions.
Alok Aggarwal — Ozone Overseas CEO and Managing Director said: “By leveraging this capital, we are well-positioned to accelerate our growth trajectory. Our focus remains on building a consumer-first brand that resonates across touchpoints, including franchise outlets, e-commerce platforms, experience centres, and an extensive retail network.
“Strengthening our after-sales service and delivering solution-focused products will further enhance our customer experience. As we expand our manufacturing and R&D facilities, we proudly contribute to the Make in India for the World journey. With our strategic network expansion into tier 2 and tier 3 cities, we aim to bring our innovative home and office improvement solutions closer to a wider audience.”